Bitcoin dips under $66K as oil sparks ‘unsustainable’ US inflation risk
Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 in place as new BTC price resistance.
Bitcoin (BTC) neared $66,000 at Friday’s Wall Street open as analysis called US inflation trends “objectively unsustainable.”
Key points:
Bitcoin drops further on oil-supply woes as Iran closes the Strait of Hormuz.